MBS +3 @ 103.150 10 Yr Treasury
+10/32 @
2.841 Dow -9
@ 15,875
MBS drifted a little higher today
ahead of tomorrow's Fed meeting announcement. The December NAHB Home Builders
confidence index jumped to the highest level since August. Tomorrow, the
critical Fed statement will be released at 2:00 et, followed by a Bernanke
press conference at 2:30 et. According to the latest CNBC Survey, roughly half
of the forecasters polled expect the Fed to taper in December or January.
Housing Starts will be released at 8:30 et. The results from the 5-yr Treasury
auction will come out around 11:30 et.
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